Gladstone Land Co. (NASDAQ:LAND) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lessened its stake in shares of Gladstone Land Co. (NASDAQ:LAND) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,000 shares of the real estate investment trust’s stock after selling 1,400 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.11% of Gladstone Land worth $556,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC raised its position in Gladstone Land by 41.0% during the 3rd quarter. SG Americas Securities LLC now owns 12,280 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 3,572 shares during the last quarter. Creative Planning increased its stake in shares of Gladstone Land by 52.6% during the second quarter. Creative Planning now owns 20,321 shares of the real estate investment trust’s stock worth $278,000 after acquiring an additional 7,003 shares during the period. Larson Financial Group LLC raised its holdings in Gladstone Land by 224.2% during the third quarter. Larson Financial Group LLC now owns 1,929 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 1,334 shares in the last quarter. Sei Investments Co. lifted its position in Gladstone Land by 8.7% in the second quarter. Sei Investments Co. now owns 22,512 shares of the real estate investment trust’s stock valued at $308,000 after purchasing an additional 1,804 shares during the period. Finally, Bristlecone Advisors LLC lifted its position in Gladstone Land by 40.5% in the third quarter. Bristlecone Advisors LLC now owns 33,747 shares of the real estate investment trust’s stock valued at $469,000 after purchasing an additional 9,735 shares during the period. 53.60% of the stock is owned by institutional investors and hedge funds.

Gladstone Land Price Performance

Shares of NASDAQ LAND opened at $11.21 on Monday. The company’s fifty day moving average is $12.63 and its two-hundred day moving average is $13.44. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market capitalization of $405.63 million, a P/E ratio of -43.12, a PEG ratio of 3.91 and a beta of 1.04. Gladstone Land Co. has a one year low of $11.08 and a one year high of $15.36.

Gladstone Land Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be given a dividend of $0.0467 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.56 annualized dividend and a yield of 5.00%. Gladstone Land’s payout ratio is currently -215.38%.

Analyst Ratings Changes

Separately, Alliance Global Partners downgraded Gladstone Land from a “buy” rating to a “neutral” rating and cut their target price for the stock from $16.00 to $14.50 in a research note on Friday, November 8th.

Gladstone Land Profile

Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion.